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May 9, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Cleveland, Business Loans > National City Bank Cleveland Business Loans > Passenger Car Leasing Loan | ||||
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Business Loans for Lansing Business Owners
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How to Get a Loan for Passenger Car LeasingLooking for business loans for passenger car leasing? Try the SBA. This $15,000 passenger car leasing loan was issued by an Ohio bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lansing, Michigan was able to borrow $15,000 from National City Bank. The SBA made the loan possible by guaranteeing $7,500 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: PASSENGER CAR LEASING SBA Loan Lender NATIONAL CITY BANK The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 532112 - Passenger Car Leasing Loan Approval Date 8/23/2007 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you want money for new small business in Lansing MI, you ought to talk with a local Lansing SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lansing businesses. We can help you find the best banks for small businesses in Lansing or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links:
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